Originally Posted by
CitizenBBN
Right now the bump is short term.
And yes if you call an employee back and they don't come then they have "quit" and are not going to get UE.
It's not the end of the world the way it's done, but had it capped at 100% of salary that would make WAY more sense.
The biggest issue is employees would rather be laid off than work. Most want to do some kind of work, but to get a raise and not work? Big incentive.
And in fact even with the SBA money it may pay employers to do it. You can bring people back for so many hours, so if you're slack right now you lay people off, bring them in limited hours. That comes out of their state UE, but not the $600 bonus, so net they are ahead and your payroll is way down.
The SBA money as I read it requires holding everyone on payroll through June 30, and doesn't even forgive enough to cover even your payroll through that period (about 3 months right now).
Still digging through it all, but right now the way Congress wrote it you'll see MORE unemployment I think, not less b/c of this bill.
I think you can get the SBA $10K without having to retain, so you lay off, take your smaller but no strings attached grant, and you'll be better off if this lasts 90 days.
Now if it only lasts 30 or 60 then SBA may pay, but who is willing to bet their business that this is done in 30 or no more than 60 days?